ARMOUR Residential Q3 net income $62.9 million, or $1.21 a share, from a Q2 loss
ARMOUR Residential REIT reported unaudited Q3 2024 results, with GAAP net income available to common stockholders of $62.9 million, or $1.21 per share, after a Q2 loss. Distributable Earnings per common share fell to $1.00 from $1.08 in Q2, and net interest income dropped to $1.8 million from $7.0 million, so the quarter's improvement came mainly from the GAAP line rather than the company's distributable measure.
Key points
- GAAP net income available to common stockholders of $62.9 million, or $1.21 per share, versus a loss of $51.3 million, or $1.05 per share, in Q2 2024.
- Distributable Earnings available to common stockholders of $52.0 million, or $1.00 per share, versus $52.5 million, or $1.08 per share, in Q2 2024.
- Book value per common share rose to $20.76 at September 30, 2024, from $20.30 at June 30, 2024.
- Common dividend of $0.24 per share per month in Q3; a $0.24 dividend was declared for payment on November 27, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.